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31 Jul 2017

PRESS RELEASE-first half 2017 financial performance

JAKARTA, July 31, 2017 – PT Aneka Gas Industri, Tbk. (“AGII”) has released its interim financial statements for the six months ended on June 30, 2017.

Financial Highlights and Operational Indicators

AGII generated higher net revenue for the six months ended on June 30, 2017 of Rp 52 billion or around 6,4% to Rp 867 billion from Rp 815 billion in the first half of 2016. The sales growth contribution in the first half of 2017 was mostly attributed to the medical, infrastructure as well as the consumer goods sector, which accounted for around 16 % compared to the same period in 2016. In addition to this, 6 new filling stations were launched in the first half of 2017.

As a result of the significant sales growth, the Company registered improved profitability ratios, namely in terms of its gross profit margin, EBITDA margin, EBIT margin and net profit margin for the year, which was respectively at 46%, 33%, 20%, and 5%.

The Interest-bearing Debts/Equities ratio and Net Debts/Equities ratio as well as the Interest-bearing Debt to Operating EBITDA and Net Interest-bearing Debt to Operating EBITDA improved respectively to 1 x, and 0.81x as well as 4.57x and 3.76 x.